10
Distribution and Payout
A
Percentage of total disbursements contributed by the policy coverage type.
Bordereau Summary / Distribution of Premium and Claims
Gross Premium
Gross premium amount for the coverage.
Commission
Commission amount for the coverage.
Carrier Fee
Carrier fee amount for the coverage.
Premium Tax
Premium tax paid for the coverage.
MGU Fee
Managing General Underwriter fee amount for the coverage.
Other
Other expenses applied against gross premium for the coverage.
Excess Layer Net
Excess layer net amount.
Net Premium
Net premium amount. Gross premium less all fees, taxes, and other expenses for the coverage.
Claims
Amount of paid claims for the coverage.
Payout
Net Premium
Net premium amount. Gross premium less all fees, taxes, and other expenses.
Paid Claims
Amount paid in claims for each policy coverage type.
Claim Funding
Amount set aside as a claim reserve.
Cash Call Used
Cash CallRequest for payment for anticipated future expenditures. funds used in payouts.
Clm. Fund Used
Claim funds used in payouts.
Net Due
Outstanding payout amount.
Carrier Fee
Carrier fee amount.
Premium Tax
Taxes paid on the premium.
Payout / Receivable Due
Amount to be paid out or due as a receivable.